June Sales Data Continues The Trend
The average price of a single-family home in the Houston market has now reached a new high of $228, 448 according to the sales stats for the month of June 2008 from the Houston Assn of Realtors(HAR). However and once again, we had a month of declining sales. Sales of single-family homes was down 15% vs. a year ago. Year to date, there have been 30,857 single-family homes sold through the month of June, which is down about 13% vs. a year ago. The condo and townhome market followed suit with a higher average price of $179,331, yet total sales volume was also down from 2007. The average number of days on the market improved slightly from 79 days in May to 76 days on the market in June.
According to HAR, some of the milestones reached in June include…..
• Highest average single-family home sales price ($228,448);
• Highest median single-family home sales price ($162,000);
• Highest average sales price for townhouses/condominiums ($179,331);
• Largest number of single-family home sales since August 2007;
• Largest number of townhouse/condominium sales since August 2007;
• Sales of single-family homes below $80,000 rose by 29.3 percent;
• Lowest Days on Market since September 2007.
Filed under: Buying, Home Sales, Selling by Dwight's Real Estate Update